Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
Joseph Stiglitz
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- I grew up in a family in which political issues were often discussed, and debated intensely.
- My teachers helped guide and motivate me but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst.
- Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
- Economists often like startling theorems, results which seem to run counter to conventional wisdom.